GoldSignals Review – Limitations With Trading Signals

Any company that has been hiding behind Telegram groups is highly suspicious. If any part of the business was real, they would offer additional, more transparent options. Nobody can say that Telegram is the only place for it.

Generally, there are too many limitations with trading signals. However, inexperienced traders who seek financial freedom often fall for those traps. To find out which ones, read this GoldSignals review carefully.

Who Owns GoldSignals Platform?

One of the worst things about this platform is its legal transparency. There is not a single detail revealed about the founders or experts who provide those signals. And yet, they want us to believe they have more than 15 years of experience in it. 

To be fair, they provide results on the website section. But we have to be realistic. Anyone could fake those documents anytime. The problem with trading signals is that anybody can start such platforms. In the end, it’s all up to you if you will trust them or not.       

What Is The User’s Experience?

If you look at GoldSignals reviews on Trustpilot, you will most definitely think they are legit. With 380 comments and 92% positive ones, everything is clear. Or is it? You might reconsider your choices with a few traders pointing out support problems, subscription issues, and even failed trades. 

One reason to stay away from them is their statement that they were founded in 2018. However, if you look at their domain age, you will see it was 2021. If you want to know more about Telegram scam signals, check the Quora discussion. It’s worth the time.

Trading Signals Offered

When it comes to GoldSignals trading signals, the name says it all. Sadly, traders will be limited only to one tradeable asset – XAUUSD. 

With generally small changes in the price, it’s hard to build sustainable daily trading signals. And yet, this platform allegedly does it. Whatever the case is, you could invest money more wisely and not in some suspicious signals. 

Pricing Plans

To get access to the GoldSignals Telegram channel, you’ll have to be a subscribed member. There are two options you can choose from with different pricing and benefits. However, you should be extremely careful providing your card details here. 

As can be seen, some traders reported continuous transactions without authorization. To make everything even worse, cancelation can only be done through the company’s support. Therefore, if you seek cancelation, they can simply ignore you.

Anyway, the options are:

• Monthly – £89
• Lifetime – £799 

Features Provided With GoldSignals Plans

In general, everything in these plans is related to trading gold. The key features include swing signals, intraday signals, and access to exclusive analysis channels. Also, you can enjoy 1-on-1 guidance from an anonymous professional team of traders.

In case you opt for lifetime access, they grant 1,000+ pips monthly, and full support. Isn’t it fair that everyone gets the same support? Anyway, with these 1,000 pips, you should reach a minimum of 10%. Reasonably, if signals were so good, everyone would be using them, and the ones who generate such good signals would be much more transparent. 

To learn why transparency is important, check our CryptoPro App review. 

Customer Support Critical

Whether it’s a joke or a mistake, the company offers support 27/5. Yes, you saw it well. However, the only contact options available are Telegram channels. There’s also an e-mail and web contact form, but you shouldn’t raise much hope around it. 

Nevertheless, traders experience most of the problems when they try using the Telegram chatbot. Therefore, we suggest you be extremely careful who you trust with your money. For even better tips on choosing the right companies, check our Fred Trading review as well. 

Pros And Cons Of Trading Signals

Overall, trading signals represent an easy way to reach financial freedom. You just have to find trusted signal sellers. Nowadays, a more convenient option is the copy trading feature. It can be found with many top-tier licensed brokerages. Simply find traders you want to follow and copy their trades for free. Why would you waste money on suspicious signals? 

One of the key disadvantages here, besides GoldSignals’ price, is that you are limited only to gold. It’s way better to diversify your investments for better chances of success. Another key detail is the signal seller’s transparency. In this case, everything is done via Telegram, one of the most known encrypted platforms. If they decide to vanish at some point, they can do so. 

Summary: Is There A Solution?

In the end, if you want to test out these signals, it’s your call. Just make sure not to use any credit cards. If you can go prepaid, then do so. Otherwise, we wouldn’t even think about it. Now, the problem starts when you risk your capital using signals that are not proven. Therefore, we recommend you check out the Funded Trading Plus platform. 

This UK-based prop trading firm has thousands of users and has received more than 2,000 positive reviews on Trustpilot. Not without a reason. With their transparency, quick payouts, 90% profit split, and funded accounts up to $200K, they quickly became the industry leader. 

Prop trading is becoming increasingly popular because the risk of losing your capital in the market is eliminated. Try it out with Funded Trading Plus and see why it is one of the best prop firms in the United Kingdom. 

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